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Lease Sale 231

Sale Summary

Bid Summary

Tracts Bid On:

326

Total Acres Bid On:

1,695,243

Sum of High Bids:

$850,809,921

Sum of All Bids:

$1,085,372,484

Total Number of Bids:

380

Total Number of Bidders:

50

Number Single-Bid Tracts:

285

Number Multi-Bid Tracts:

41

Average Dollar/Acre:

$502

 

Tract Receiving Highest Bid

Highest Bid: $68,790,000
Block: AT 0198
Lease: G35431

Rank

Bidder

Interest

Bonus

1

Freeport-McMoRan Oil & Gas LLC

100.00

68,790,000

2

Exxon Mobil Corporation

100.00

45,550,000

3

Ecopetrol America Inc.

50.00

26,245,555

 

Stone Energy Offshore, L.L.C.

50.00

 

4

Shell Offshore Inc.

100.00

20,020,002

5

Eni Petroleum US LLC

100.00

8,000,923

6

LLOG Bluewater Holdings, L.L.C.

100.00

5,565,555

 

Tract Receiving Most Bids

Highest Number of Bids: 6
Block: AT 0198
Lease: G35431

Rank

Bidder

Interest

Bonus

1

Freeport-McMoRan Oil & Gas LLC

100.00

68,790,000

2

Exxon Mobil Corporation

100.00

45,550,000

3

Ecopetrol America Inc.

50.00

26,245,555

 

Stone Energy Offshore, L.L.C.

50.00

 

4

Shell Offshore Inc.

100.00

20,020,002

5

Eni Petroleum US LLC

100.00

8,000,923

6

LLOG Bluewater Holdings, L.L.C.

100.00

5,565,555